2024-05-13 18:02:08
Binghatti Development has announced the acquisition of a real estate development company for the steel industry in Dubai.
The new acquisition of the factory represents a significant achievement that reflects Binghatti’s commitment to innovation and excellence in the real estate sector.
The factory will be equipped with the latest technology, making it a major hub for Binghatti’s specialist in-house team of designers, architects and manufacturing experts.
The facade design structures are expected to be factory-built and include elements of the distinctive crowns that Binghatti’s latest megaprojects are known for, such as the Binghatti Jacob & Co. Tower Residences and Mercedes-Benz Plazas.
This acquisition reflects Binghatti’s strategy which is consistent with its integrated business, which aims to fully control all aspects of real estate development, from design to project completion. The acquisition of the new factory ensures harmony with Binghatti Carpentry, Aluminum and Glass’s in-house manufacturing facilities, and is manufactured under the supervision of its dedicated team of interior designers and architects.
This acquisition strengthens Binghatti’s role in realizing its vision based on a clear focus on quality and development.
Mohammed Bin Ghatti, CEO of Binghatti Holding, said: “Our acquisition of the manufacturing plant and its development confirms the company’s strong commitment to quality, in addition to our continued focus on continuing to promote the highest standards of know-how and the highest standards and excellence, supervising all construction and construction procedures of our projects from start to finish.
Binghatti secured this investment through its own cash flow, reflecting the company’s strong financial position. This strategic investment strengthens the company’s position as one of the most important leading companies in the sector and confirms its commitment not to compromise on quality and development.
With these advancements, Binghatti Company intends to continue presenting innovative architectural masterpieces that redefine the characteristics of the skyline of Dubai and other cities.
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